Quote:
Originally Posted by damageprone
Investing yourself is great if you can do it properly, most people cannot, which is the appeal of index funds.
Index fund expense ratios are extremely low nowadays. For example Fidelity's S&P 500 index fund FXAIX is 0.015% ER, which equates to $0.15/$1000. They even offer a zero cost index fund FZROX. These funds also offer dividends in which you can reinvest or cash out.
|
These are the ones that my company typically sticks with in their 401K programs as we have so many people that don't participate. You can explain expense ratios all you want...all they see is that it's money they don't see in their check.